日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Bank arm to invest $50m in mainland copper giant

Updated: 2008-03-05 07:17

By Chen Hong(HK Edition)

  Print Mail Large Medium  Small

The private equity arm of Standard Chartered Bank announced yesterday that it will invest $50 million into a mainland copper-tube manufacturing giant on the chance it will make a domestic initial public offering (IPO).

"This is our first ever pre-IPO investment in a mainland incorporated company, targeting an A-share listing among our existing investments in China," said Chen Fan, head of Greater China operations for Standard Chartered Private Equity Ltd (SCPE).

"It's a strategic investment of SCPE in a leading industry, and we will make more direct investments in Chinese companies as confidence in the market rises," Chen told China Daily by phone yesterday.

While SCPE is a lead investor in the new project, two co-investors, Goldman Sachs and Lehman Brothers, will make a combined $40 million investment in China Golden Dragon Precise Copper Tube Group. The company has been ranked No 1 globally in precise copper-tube manufacturing for years.

Golden Dragon is based in Xinxiang, in Central China's Henan Province. According to a statement issued by the company, it produced about 200,000 tons of copper tubing last year, about two-thirds of its capacity.

The company has maintained over 50 percent of the market share on the mainland.

With eight production bases and 13 production lines located in all of China's key regions, the company has a solid manufacturing system to work from while expanding operations to Mexico, where a new plant is expected to begin mass production by the end of this year.

Stressing SCPE's role as a "long-term investor", Chen said the company is in no rush to go listing.

"The second- and third-ranked players in the copper-tube sector have been successfully listed in the domestic capital market and have earned a widely known reputation," Chen said, expressing his confidence in the new investment.

Given the strong price hike of copper, Chen said his company has a plan to minimize the impact on the copper-tube maker.

"We are not a market speculator," Chen explained. "The company and SCPE co-developed a complete hedging plan and execution process, as well as co-designed an effective risk-control mechanism. Currently, they are well operated and monitored."

Joe Stevens, head of Principal Finance for Standard Chartered Bank, said the deal is a big step in SCPE's business development.

"This deal shows our full commitment to China," he said. More investments in China from Standard Chartered can be expected."

SCPE, which primarily focuses on investing in mid- to late-stage companies in China, South Korea, India and Southeast Asia, will continue to look for investment opportunities in sectors related to consumption services, circulation, manufacturing and media in China, Chen said.

(HK Edition 03/05/2008 page2)

主站蜘蛛池模板: 91精品网| 岛国av免费 | 福利资源在线 | 国产精选久久 | 中文字幕视频在线播放 | 激情无遮挡 | 天天综合在线视频 | 成人午夜久久 | 男人的天堂视频网站 | 在线青草| 欧美爱爱免费视频 | 一级黄色大片免费看 | 国产一区二区精品在线观看 | 黄色三级在线视频 | 夫妻自拍偷拍 | 午夜看片在线 | 啪啪无遮挡 | 日本黄色网页 | 特级丰满少妇一级aaaa爱毛片 | 免费的av网址 | av在线视 | 九九热视频这里只有精品 | 日韩在线观看一区二区三区 | 成人午夜免费在线观看 | 日韩中出在线 | av观看在线免费 | 91精品在线免费观看 | 国产精品一区久久 | 国产一级淫片久久久片a级 香港之夜完整在线观看 | 91tv国产成人福利 | 黄色在线观看免费 | 日韩黄色免费网站 | 国产v片在线观看 | 日本女优色图 | 国产高清露脸 | 免费精品 | 亚洲在线免费观看视频 | 91视频免费网站 | 日韩福利视频导航 | 国产黄色免费 | 自拍中文字幕 |